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. but the minority leader mitch mcconnell says that would be the equivalent of blowing up the senate. doug mckelway with the news live on capitol hill for us tonight. doug, they call it the nuclear option. >> yeah, they call it the nuclear option because the party that exercises the nuclear option, that pulls the trigger on the nuclear option can suffer ultimately the fallout from that nuclear chain reaction if they ultimately become the minority party at some point in the future. minority leader mitch mcconnell put it this way during a floor speech on the senate today. >> are you prepared to live under the rules you are now demanding? >> the nuclear option would allow the majority to end filibuster or defeat amendment bias a simple majority vote. not the 60 votes or the 3/5ths majority vote that the senate rules have required and put into place for better than 30 years now. threshold that the historians say honor the founder's intent to limit the tyranny of the majority. >> the nuclear option is a power grab by senate majority leader harry reid. >> but both parties are actually guilty of thr
adds mitch mcconnell's crying about being a minority and not having his voice heard. hey, how about the majority of us whose voice is not being heard because he's so bought off. good point. d says i was absolutely appalled at the number of members of congress who signed the grover norquist pledge. you were spot-on by calling them traitors! and harmony wants us to know her opinion as to why black friday exists peter. i'm from wisconsin she says and grew up with many hunters in the family. the day after thanksgiving was always a big hunting day. black friday started with hunters' wives going shopping because all of the men were out hunting. >> i know a lot of hunting seasons kick off now. >> bill: you know what? that makes a lot of sense to me. they're hunting for deals. >> announcer: this is the "bill press show." [ ♪ theme ♪ ] >> bill: good morning everybody. welcome to the "full court press" this wednesday morning. november 28. great to see you today. thank you for jumping on the "full court press" bus.
enter and stay in the middle class. >> mitch mcconnell once again blasted the president for what he called campaigning. >> the election's over. he won. congratulations. we've got a hard deadline here, however. and it's still -- he's still out on the campaign trail kind of celebratin celebrating. this is a problem. if the president really wants to reach an agreement, he needs to be talking with the members of his own party right here in washington trying to broker an agreement not out there firing up crowds and giving speeches. >> joining me now is new york democratic congressman steve israel. sir, great to have you with us. mitch mcconnell saying the president should be speaking to members of his own party. interestingly enough, moments ago we heard from someone within mitch mcconnell's party, speaker john boehner, saying he thinks a deal is possible. take a listen. >> it's time for the president and democrats to get serious about the spending problem that our country has. but i'm optimistic. >> he's optimistic. we also have boehner saying he is disagreeing with tom cole, one of the
revenue new tax revenue will have to be part of any deficit deal. i noticed mitch mcconnell's talked about tax rates. he's going to insist that tax rates not go any higher. you've got the mathematicians trying to raise the numbers. you can exact the rate throughout a person's entire income. they're looking for ways to finagle this. republicans are going to have to retreat and they're going to get a better deal before the end of the year than going into the new year. >> i want to ask you about that, what eleanor said about the end of the year rather than going into the new year. who benefits, if anyone, if they kick the can down the road, get a new congress. isn't there something to be said with this new democratic strength coming into the senate? it's a little stronger there. you have a stronger president picked up a few seats in the house. doesn't kicking the can down until february or march and do something that's maybe a bandaid now help the cost. >> it helps to a certain extent, but doesn't help the republican party all that much, because again, they're going to be blamed if we get a s
't gonna happen. the irony here is mitch mcconnell over the next 24 hours said the president has to go first. the president's already gone first. this is what i want to do. i want to raise the rates. >> bill: the american people went first. >> right. before even the president did. absolutely. so you know, this is -- nothing has changed since election day as far as the fiscal cliff is concerned except that we're 15 days closer to it happening. >> bill: the white house said if -- one thing the president said is look, there is one easy thing we can do. maybe we can't resolve all of the issues but there is a bill that's passed the senate. that gives the tax break up to $250,000 a year for everybody. >> for everybody. >> bill: for the first $250,000 of income. that's past the senate. if the house passed that. if the house doesn't pass that, it will cost -- take $200 billion out of the u.s. economy. $200 billion basically out of middle class american's pockets. >> that's the reason why last week you had the ceos of
. >> republican senator mitch mcconnell today on why democrats should not change the senate rules in order to stop his minority republican party from controlling what happens in the senate. joining us now for the interview is sherrod brown, senator from ohio who just won reelection, even though he got buried in ads run against him. senator brown, congratulations on your reelection. i haven't seen you since. >> thank you, rachel. and i heard you call the race on your show, so thank you. >> ta da! if you are going to be in the senate for another six years now, i have to ask you directly, should the rules in the senate change there on day one in january? >> yeah, absolutely. the same gentleman you just listened to, mitch mcconnell, talked about the dysfunction in the senate. that's what's happened the last four years. he was the same gentleman who said after the 2010 elections that his number one goal was to defeat the president of the united states in the next election. and he did everything to do that, including invoking filibuster time after time after time after time. we have never seen anything
personal between senate majority leader harry immediate and minority leader mitch mcconnell yesterday. mcconnell is angry about reid's plan to end filibusters on so-called motions to proceed done before any final debate. >> shutting off our right to express the views of our constituents as is being proposed would effectively shut these people out of the process. he will break the rules of the senate in order to change the rules of the senate. >> americans believe congress is broken. once again, the only ones who disagree with mitch mcconnell and republicans in congress. >>> another senator, dianne feinstein of california, set an election-day record after receiving the most votes ever for a u.s. senator. nearly 7.3 million. >>> well, will rick santorum run again in 2016? he tells "the weekly standard" he's, quote, open to it. >>> former president jimmy carter now 88 years old is back in haiti to help rebuild 100 new homes after the devastating earthquake there. it is his second trip there in the past year. >>> and finally, "politico" reports jill kelley, the supporting character in the pet
at this intraday chart, and you can tell exactly when it happened. then mitch mcconnell weighed in too. the nasdaq is lower by 1.5 points off the intrasession lows. same, similar pattern for the day. ditto in terms of the pattern for the s&p 500. lower than less than three points. >> so with all the good news on the economy out today, still no rally for stocks. is it really still all about the fiscal cliff for investors right now? let's talk about that in our clo"closing bell" exchange. steve liesman will have breaking news momentarily. steve, do you have that? >> yes, i do. what we have is a report from the new york fed on consumer finance. what the news shows is that overall, consumer credit outside of real estate is up just a bit. most of that, by the way, is student loan debt, being up about $42 billion inside that $2.7 trillion number. overall, mortgage debt is down and overall debt is down. the basic gist of the details, bill, is that consumer credit continues to decline overall. delinquencies are down and bankruptcies are down. balance sheet repair continues. a little bit more willingness o
't be surprised like this, mitch mcconnell says it will only make the gridlock worse. senator jeff merkley of oregon supports a rule enforcing a talking filibuster. jonathan weisman is a congressional correspondent for "the new york times." senator, thank you so much for joining us tonight. i never met you, but this is quite a cause. how does it look? can you get this done on the first day of business in january? >> well, i think it has a very good possibility. senators are so frustrated with the current state of affairs that they're recognizing that there is no longer a choice, if you will, between just getting along or reforming. we're going to have to reform the rules in order to have the senate have any chance of addressing the big issues america faces. >> as you look at it as a student of politics, you're now a united states senator, what is a proper use of a jimmy stewart type filibuster where one guy or woman goes out there and basically holds the floor as long as their physical ability and their moral strength holds? >> when you have an issue that you feel so profoundly concerned a
there. good morning. i'm martha maccallum. the minority leader mitch mcconnell called the president out for what he says is a campaign-style blitz instead of negotiations between both sides. >> rather than sitting down with lawmakers and working out an agreement he's back on the campaign trail. we are not going to solve this problem by creating villians and drumming up outrage. >> he will be out trying to i'm sure zero in on those states represented by members of the house and the senate to try to get public support. bill: democrats upping the ante, looking to raise taxes, protect entitlements and raise the debt ceiling all at the same time. stuart varney, hello, there, sir. you think there has been a shift in those negotiations. >> i don't mean a shift in position. i mean a shift in focus, what they are focusing in on on the last couple days it's been taxes now it seems to be we are focusing in on entitlements and spending cuts. the democrats and the republicans are presenting a united front saying no cuts to entitlement. no entitlement reform. the unions have an ad campaign saying don
in a position to and take some cuts from it. that's crazy. john boehner and mitch mcconnell and all of them have given the president a hard time. that's why we voted for these people and they are supposed to do our bidding, because people are hurting. host: let's take it to the state level in a carolina, state legislature, republican governor, republican. what are the big ticket items they will start working on? caller: i don't think the governor knows himself. he claimed that he will bring relief to the state. i don't see how he's going to do it. they are going to cut a lot of social programs that they call wasteful spending. people are going to really see what he's made of. what is your name again? host: what is that? caller: pope was the one along with the koch brothers that got it mccory into office. they are bought and paid for. they don't do the people -- everybody needs to be represented. abr>> we are talking about whether one-party rule would get rid of gridlock on the state level. let the pieces this morning noting that capitals across the country have the most one-party rule on the sta
and what they are. is allowed john boehner and mitch mcconnell to govern recently. it's about the republican governors passed out ushers at the red states for the 24 states republican governors, republican legislature. blue are the 13 of 40 state spending on how you count new york, 13 of 14 state that a democratic governor and a democratic house and senate. and there you see the red states are not raising taxes. they're cutting taxes in the red states and blue states are raising taxes rather than reforming government. so the fight we're having in washington where there's gridlock in the stage of the opposite of gridlock. for the last two years. "new york times" wrote an article about last week, it's been true for two-year -- >> about the legislators -- >> the legislative in the various states that you've got 24 states if the republicans get together they can turn the state into hong kong or texas. you have 13 maybe 14 states if the democrats because they could turn their state into greece or california. >> we are in washington and the wording goes back to 86, right? >> yes. pa
." >>> americans believe congress is broken. the only ones who disagree are mitch mcconnell and republicans in congress. >> harry reid moves towards the nuclear option to stop the obstruction in the senate. steve benan joins me next on the latest on the filibuster showdown. >> the emphasis on benghazi has been publicized. >> first thomas risks rolled fox news. today fox news responds by trying to smear thomas risks. >>> and the right wing bubble on the economy bursts again e. >> the president's economic policies have failed. the american people know it. >> i have a new term. it's called obama noma. he's such a cancer to the economy. >> to call this an economy is an insult to recoveries. >> the numbers don't lie. we'll lay them out for you, tonight. that was me... the day i learned i had to start insulin for my type 2 diabetes. me... thinking my only option was the vial and syringe dad used. and me... discovering once-daily levemir® flexpen. flexpen® is prefilled. doesn't need refrigeration for up to 42 days. no drawing from a vial. dial the exact dose. inject by pushing a button. flexpen
. the only ones who disagree are mitch mcconnell and republicans in congress. >> harry reid moves towards the nuclear option to stop the obstruction in the senate. steve benan joins me next on the latest on the filibuster showdown. >> the emphasis on benghazi has been publicized. >> first thomas risks rolled fox news. today fox news responds by trying to smear thomas risks. >>> and the right wing bubble on the economy bursts again. >> the president's economic policies have failed. the american people know it. >> i have a new term. it's called obama noma. he's such a cancer to the economy. >> to call this an economy is an insult to recoveries. >> the numbers don't lie. we'll lay them out for you, tonight. >>> thanks for staying with "the ed show" tonight. the story goes to the heart of what we deserve. if we elect someone to the senate, we expect them to do what? get something done. unfortunately the republicans have been using the filibuster to block legislation. now the democrats want to change the rules to keep the next group of republicans from doing the same thing. we'll talk about th
with the congressional leaders, john boehner, harry reid, mitch mcconnell, and out for thanksgiving solely today are people trying to get back starting to draw the battle lines a little bit. we seem to have burned three weeks which is time is of the essence. david: i'm thinking three years ago obamacare on christmas eve, will it come down to that? >> maybe new year's eve january january 1, mandattry spending cuts kick in on the second of january. you hit on a very important point. congress only ask when there is the gamut swinging over their heads. they often do this around christmas time. it is the final train leaving the station. finishing the christmas shopping and people start to get itchy, i compare it to stockholm syndrome. people are sweating it out after a while they start to sympathize. david: i was saying is it an either or? tax rates go up or you get in and of deductions for the wealthy, and he seemed to say both. we should have a cap of $25,000 cap on abductions and marginal tax rate go up. do you think the president will hold out for that? >> harry reid this afternoon was adamant,
, the republican leader of the united e, the honorable mitch mcconnell. >> over the years, we have recognized many remarkable men and women in this place of honor, all of them extraordinary. it would be foolish to try to make comparisons among them. yet for me at least, today's ceremony is particularly meaningful. i first came to know of the woman we honor today more than two decades ago. i came across an article that told a story of her struggle. from that moment on, i have felt compelled in my own small way to make that call as my own -- caused my own. it was impossible not to be moved by her quiet resolve, her hidden luminesce heroism, and it is impossible today, all these years later, not to be moved by the thought that the is most unlikely revolutionaries may witness the deep as longing of her heart -- deep as longing of her heart, a representative democratic system in which the people of burma are able to finally enjoy their god-given rights. it is in this hope that we stand today with the people of burma and with aung san suu kyi, knowing that whatever the future holds, she will fight unfli
leaders harry reid and mitch mcconnell on a possible change to set rules regarding the filibuster. forty-five minutes chief justice john roberts and the supreme court and constitutional law. after that, part of our coverage of the halifax international security forum, including a look at the u.s. role in global politics and the situation in syria. several live events tell you about tomorrow morning. former florida governor jeb bush will be speaking at the foundation for excellence in education. you can once that event here on c-span2 at 845 eastern. just after that at 9:00 a.m. eastern on c-span three the foreign policy initiative begins a daylong symposium on foreign policy. such a look at congress, national security was arizona senator john kyl. then on c-span, a forum on energy policy hosted by the bipartisan policy center. former senators and byron dorgan. that is at 10:00 a.m. eastern. >> on 16 of 17 bases in the united states we have military-run schools. the average cost to educate a child in that school per year is $50,000. almost four times what the rest of public education cost
they announced that they just wanted to oppose everything the president did. mitch mcconnell was extremely open about it, gave quotes in the newspaper about it. this time we don't really know if there's one sort of clear long-term unified strategy on the part of republicans, whether they have gotten there yet or it's a more piecemeal strategy. >> i guess i'm taking my signals from history. when you get defeated openly in terms of these racial gerrymandering. i don't believe mitch mcconnell doesn't want to make him a -- well, he can't make him a one-term president. i'm just suggesting that in all the big debates we have, we don't deal with the substance of public policy consequences of that resistance which have an impact upon black people that are not often talked about in these kinds of debates. that's what i think is very problematic. >> do you see any issue like voter suppression where the ideas around justice actually motivate a backlash that's useful politically? because that's one thing that we saw happen. >> right, exactly. it was -- it back fired on them. it galvanized those communities
the leaders of the senate, harry reid and mitch mcconnell. i want to congratulate speaker john boehner, who has done a phenomenal job of ensuring that we would continue business as usual. i want to congratulate minority leader posey forever that she has put in, getting us to the point we are today. i urge my colleagues to support this measure. with that, i yield back the balance of my time. >> the chair now recognizes members from the committee on ways and means, chairman mr. camp from michigan and ranking minority member mr. levin from michigan. the gentleman from michigan. >> i yield myself such time as i may consume. >> it is recognized. >> if the congress does not act and act now, america will default. that would wreak havoc on our economy and make it harder for americans to find and keep a job. edfault cannot be an option. i am pleased that the bill before us ensures that will not occur. just as it would threaten economic health, so would increase in taxes. raising taxes on families and job creators would hinder investment, increase the cost of doing business, and result in even less h
there is going to be a compromise. you speak to mitch mcconnell he says they are hopelessly deadlocked right now and a lack of presidential leadership is making it harder. take a listen. >> we have been very clear about both the president's interest in and willingness to compromise. but also his clear inchoice tense that he will -- insistence that he will not sign extension of bush era tax cut for the top 2%. >> we will wait on the president and hope he has what it takes to bring people together and forge a compromise. if he he does, we will get there if he doesn't, we won't. it's that simple. white house aides are pushing back on leadership question by saying this past weekend the president reached out to john boehner and harry reid to try to move things along and there is also talk that later this week there may be another face-to-face meeting here between democrats and republicans at the white house later this week, shep. >> shepard: republicans have long pushed for entitlement reforms. some democrats say they are willing to talk about compromise on that. >> they are. here is the rub. republi
the scenes because mitch mcconnell, among others, critics of the president, of course, were saying where is the presidential engagement. why is he going out to the public and continuing a political campaign to drum up support and not engaging one on one, meeting with the leaders again? >> well, the president has been very much engaged in these issues and he's been engaged for the last several years. he's made it clear he wants balanced solution to our problems, a balance between additional revenues collected from the most fortunate the top 2% of income earners as well as balance in terms of reductions in spending. >> what do you think of warren buffett's proposal for a minimum income tax on high earners for people who are now paying so much less, paying what mitt romney paid, paying what warren buffett pays, 14 or 16%, because of capital gains and other investments, what about a minimum tax that would require them to pay 35%? >> the president has supported the buffet principle for a long time and his state of the union address last year, he supported buffet rule which would set a minimum
merkley gets his way, absolutely. but right now all he'd have to do is say i object or have mitch mcconnell say i have object. harry reid says we move on to the next thing and that's the end of it. >> that's the way they do it. they double track it. what do you think is going to be the way the senate decides this? will it be partisan whether they decide to go to a real filibuster, you go to the mattresses, you stay up all night and force quorum calls over and over again? what do you think is going to be the politics of this? >> the politics right now is mitch mcconnell is opposing any change in the rules because he has the advantage of paralyzing the senate with no public accountability. the talking filibuster forces his process to be done before the american people, and i think he realizes the american people are not going to like what they say. and yet that's where it should be. if you don't have the courage of your convictions to stand before the american people and say i am obstructing this bill and here is why, then, in fact, you should shut up, sit down, and let the vote go forward, a
of the fiscal cliff. today on the senate floor, minority leader mitch mcconnell abusing president obama -- accusing president obama of being back on the campaign trail instead of working with lawmakers. have you seen anything to indicate that we are close to a resolution, or even moving in that direction? >> i haven't. it's hard to come to a resolution when one of the parties to that isn't around. the president, as you mentioned, is out on the campaign trail again. >> greta: you're referring to his trip this friday to pennsylvania. >> right. you've got to have presidential leadership to do big things. that's what we need right now. obviously republicans are here, ready to go to work, ready to solve the issue of the fiscal cliff. what the president wants to do, however, is to raise taxes on small businesses, almost a million small businesses who employee 25% of the workforce. that's his proposal. republicans cannot be for that. the president said in his press conference right after the election that his number one priority is jobs and the economy. we agree with that. but if your number o
ceos. friday he travels to a manufacturing plant in pennsylvania senate minority leader mitch mcconnell question the president. >> president saddam the law makers and working out with the agreement is back on the cam best-president obama >> the president got input outside the beltway. he wants to continue the conversation when business leaders, small business leaders, civic leaders, and labor leaders because everyone has a stake in this. >> lawmakers have just over a month to reach an agreement to keep the country from going over the so-called fiscal cliff. the president wants to raise taxes on the wealthiest 2 percent of americans and leave current tax rates for everyone else. >> i can't get paid reporting. >> we will be following the latest as it continues to develop on capitol hill. >> will take a quick break. we will be back with more headlines than just a minute. here is a look at the approach to the toll plaza. the ground for now is dry. that will be changing before too much locker we will look at your forecast straight ahead. welcome back. coming up at 4:15 a.m. on this wednesday
with ceos to make his case on this. you have speaker boehner. you have senate leader for your party mitch mcconnell. they're both saying, hang on, he needs to get in there and negotiate. but i want to point this out, congresswoman, let me point this out, this is from erskine bowles today. we talked about ad nauseam of the simpson/bowles debt committee and this is erskine bowles about to meet with the president yesterday, and he later said that the president expressed flexibility on tax rates. let me quote him, bowles is quoted as saying, i didn't sense it, i heard it. he went on to say, quote, the white house really believes at its core that new tax revenue ought to come from the wealthy. but, according to "usa today," he went on to say the president is open to republican alternatives. open to republican alternatives. you're there on the hill. are you hearing anything like that? >> we have not been invited to present those alternatives and we do have them. cleaning up the tax code is a great place to begin. and looking at what you're going to do with closing some of these loopholes. we all know tha
. and you look everybody is saying it, john boehner, mitch mcconnell peter king lindsay graham, on and on and on. all of these republicans coming out and saying we agree, you can't do it by spending cuts alone. you have got to raise revenues and we're on board, and we're willing to break the grover norquist pledge. these guys have totally recognized the american people agree with obama, and so therefore they are going to change their ways. here is my advise to all of you, all right. don't believe it. this is a con game. this is a shell game that the republicans are playing. let's listen to some of the voices. here for example is saxby channedless. it's valid now but times have changed significantly. and i care more about this country than i do about a 20-year old pledge. >> bill: oh, yeah. he is setting himself up there as oh, man, i love my country, more than i love grover norquist. peter king yesterday. >> i agree entirely, a pledge you signed 18 years ago is for that congress. if i were in congress in 1841 i would have signed the declaration of war agai
the first of the year. we'll see who emerges. lou: striking you are not hearing speaker boehner or mitch mcconnell. >> when have congressional leaders been major lead irs of their party, they are wheel ordealers. >> politics abhors a vacuum. lou: governors are nation -- >> but, several are chief executives. i want to stick up for mcconnell and boehner, they are playing hand theying dealt, on the 1600 pennsylvania avenue, with a huge mandate to raise taxes. >> if you look at personalties of three leading governors, chris christie, markio rubio, and bobbyen jen gend else they g personallies. lou: i want to, go back to the intellectual leadership amongst those governors, the names of people you think are those leaders. >> newly elected governor of indiana mike pence. he will not set up the health care exchange, and susana martinez. >> and scott walker of wisconsin. >> he has been elected twice in a state that mitt romney lost by 7 points. lou: you had to leave it wh governor romney. >> their bench is really thin that is why joe biden is the vice president. come on, let's leave
spoke by phone on saturday, agreeing not to share details. but senate republican leader mitch mcconnell said today the g.o.p. wants the president to make the first move and issue a proposal to raise tax revenue and cut spending. >> this he's the only one who can lead his party to do something they wouldn't ordinarily do. to do what's actually needed now. >> reporter: prominent republicans are signaling they're now flexible on increasing tax revenue, with a few in the house and senate distancing themselves from that no tax increase pledge that many of them signed, a pledge created by lobbyist grover norquist. house majority leader eric cantor, senator lindsey graham of south carolina and senator saxby chambliss of georgia all said there could be an increase in tax revenue if democrats agreed to controlling the cost of medicare and medicaid. >> there's a right way to do this and there's a wrong way to do it. but at the end of the day, nancy what's got to happen is whoever's right or wrong here we've got to get the economy going again. >> reporter: chambliss and virginia democrat mark warn
are also going to have to come to the table, and do some compromise. we saw senate minority leader mitch mcconnell talk about it yesterday on the senate floor. see what he has to say. >> republicans have stepped out of our comfort zone, and yet we remain at an impasse. leading us to ask, why? because a vocal minority on the hard left continues to argue to leaders of their party from the president on down, that democrats in washington should do absolutely nothing about short-term or long-term spending problems. >> and there you have it. senate minority leader mitch mcconnell talking about how republicans are trying to come to the table but they haven't seen that from democrats yet. john? >> all right. really is interesting to try to guess when the first democrat will come forward and show a little bit of leg on the idea of compromise. mark preston in washington, thanks very much. >> indeed, tinker toys. i got the joke, it was funny. the other big story we're following, u.n. ambassador susan rice is going to meet with three republican senators who criticized her over comments she made in the afterma
at the appropriate time as well as nancy pelosi and mitch mcconnell. so the process that he began is continuing. recanting you to be optimistic that a balanced approach is achievable. we know what the solutions are. it was senator who said that in an op-ed, one benefit of all of the debate said we have had any discussions over the past couple of years is that we know what the parameters of a balanced solution for these challenges look like. and they include both spending cuts and revenues and entitlement reform. they have to have -- all three legs of the school of got to report of that. >> jay carney at the white house. was asked about the idea of going off the fiscal cliff. alan krueger, the chairman of president obama's economic advisers, he spoke about what would happen if we go off this so-called fiscal cliff. in this report put out by the white house, american consumers will spend 200 billion less in 2013 if the fiscal cliff is not averted according to this white house report. jay carney went on to say in this press briefing that president obama believes and understands that in order to ac
people from higher taxes but mitch mcconnell, senate republican leader, he says there has been no similar compromise from the democrats or the president. he says they are still holding out for higher tax rates on the rich and he says the radical left is prescenting the democrats and president and agreeing to serious reform from medicare. martha, i have to tell you. i got new numbers from medicare, from trustees, actually. medicare has to pay out in the future $42 trillion. that is money which it does not now have. so you can see that this is very serious issue. cuts in spending, cuts to medicare. who will make them? it is very serious because what that kind of money outstanding you need some kind of an agreement and fast. the bottom line right now, martha, it is again an impasse. martha: that's a huge number, stuart. it was about 38 trillion just less than a year ago i believe. >> yes. martha: so that number has really ballooned to 42 trillion as stuart shares with us in terms of those numbers. let's go back to the republican side for just a moment because i think there is a discrepancy i
the table and if harry reid is trading bars with mitch mcconnel, what is up here. senator durban said, it shouldn't be ps deal. i don't think there is a bar gain to be had. it is a win win for alabama. he is going to get the tax hikes or the rb ares will say no deal and he gets the tax hikes which is what he will prefer anyway. that is a big pot of money he can use for whatever he wants. they are still not going to be a deal. baker, democrats saying there is no problem with social security, even though the piece in the "wall street journal" today said they are $20 trillion in the hole. they said they are $40 trillion in the hole. how can democrats argue that with a straight face. i know that stuff inside and out. most of those shortfalls are in the 22nd century. we don't have a big problem with those programs. in fact most of the story is health care. the budget office may adjust their projections and the story disappears. i know people like to run aaround with that but it doesn't make sense. >> what me worry scenario. medicare no problem. medicaid no problem. i don't know, one trilli
mitch mcconnell. >> we want to save these programs and i understand the dilemma the president and the majority leader have. their hard left doesn't want to change anything ever. >> reporter: but the top senate democrat harry reid says republicans are the ones dragging their heels. there's been little progress with the republicans, which is a disappointment to me. they've talked some happy talk about doing revenues, but we only have a couple weeks to get something done. >> reporter: republicans point out that medicare and medicaid are the largest future drivers of the debt. they say they won't agree to increased revenue from taxes unless they get entitlement cuts as well. scott, it's safe to say there are going to be people on the right and left howling mad at no matter what this deal looks like. >> pelley: nancy, thank you very much. one idea they're looking at is scaling back one of the most popular tax breaks of all: the mortgage deduction. dean reynolds will tell us more about this later in the broadcast. that crisis in egypt is growing tonight. more than 200,000 protesters
washington do something. her remarks echo mitch mcconnell, who took an even tougher time today. criticizing the president for staging a series of campaign style events instead of what he says would be leadership. joining me now to discuss that is the dog show. a former pollster for president clinton and cohost of campaign insiders here on the fox news channel. he is also a fox news contributor. so this is how real america is going to be affected if this takes place. she seems to be suggesting, that he is not talking to the right people. he needs to be dealmaking and leading and inspiring the folks on capitol hill to follow. doug? >> i absolutely agree, megyn. the president has won the election. but the bottom line is that he got 51% of the vote. it is hardly an overarching mandate. 40% voted against him and he has to bring the country together. the way you do that is by compromising. the republicans have put revenue on the table. i think that the president can put entitlements on the table. megyn: he says that he will. >> he says he will, but we have to get specificity and decision, because
candidates had not been nominated in 2010 and again some of them in 2012, mitch mcconnell would be the majority leader. the leadership is saying a lot now, wait a minute, guys, we have a brand that is pretty much tattered and not looking very good. the tea party complained about gridlock and now, ironically, the tea party is responsible for gridlock. we will have to make some changes. grover norquist and others will feel the impact of that analysis. connell: we will see how that plays out. thank you to both of you, as always, for coming on. >> thank you. dagen: billionaire hedge fund manager steve: on the ropes. what does charlie gasparino know about it? connell: and then we have holdups in holiday travel. there is jeff flock at the o'hare airport in chicago. jeff: a foggy day in chicago town. what is the impact? i will show you and tell you what we come back. standby. it is not a pretty bored. ♪ [ male announcer ] with over 50 delicious choices of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant dagen: brea
't they have to be reformed or modified? >> i think the john boehner and mitch mcconnell are going to have a tough sell in front of the american people and a reason why paul ryan was a pretty unpopular vice-presidential candidate. people do not want to cut those programs. >> gregg: and during the 2008 presidential debate, the president promised and i looked it up and double-checked it today, he promised that he would have entitlement reform accomplished and put forth by the end of his first term. hasn't done it. why not? >> well, i think we need to talk about smart cuts first, and what that means is getting rid of waste and fraud and abuse. it means getting rid of these things. >> gregg: he's breaking his promise, isn't he? >> i don't know that that's right. i think when we talked. >> gregg: i watched the debate today, they had a clip. >> sure. >> gregg: of it on youtube, you can take a look at it. and there are 258 americans signed onto the grover norquist pledge never to quote for a tax hike, closing tax loopholes. speaker boehner says i'm willing to break it and do the latter on deducti
mitch mcconnell, you have to have entitlement reform to the republicans is cuts. that's what their entitlement reform is. would you do anything to medicare at all? >> sure. look, ed, what has to be understood is are we not only the country that doesn't care to all people, we pay by far much more per capita for health care than does any other nation. it's a wasteful system. for example, in terms of medicare, republicans demanded as part of medicare part d that the medicare could not negotiate drug prices with the pharmaceutical industry. the v.a. does that. why isn't medicare doing that? furthermore, if we develop efficiencies that save the system money, let's do it. but let us not cut benefits for the elderly or for the poor who are on medicaid. >> finally, senator, are you willing -- if the republicans can't do a deal, are you willing to allow all of the tax cuts to go? what will that do for the country? if the bush tax cuts completely expire, what's it going to do? >> well, i think no deal is better than a bad deal. next session we're going to have more people, more democra
to mitch mcconnell somewhat in the senate. on down, that the kinds of extreme policies that we saw in the republican primary, mitt romney, rick santorum, michele bachmann et cetera those policies are not going to win over hispanics. they're not going to win over asian americans. >> jennifer: you are not going to see i predict a super pac that is a pro-choice republican super pac though, right? that's an issue they won't touch. >> i believe that abortion is an issue that they will not touch. they -- they saw what happens when you anger women voters in this country independents, republicans and democrats but abortion i think -- the republican party is not there yet. i don't know if they will ever get there. >> jennifer: well instead of republican moderates, shouldn't we just issue democratic cards to the membership, cards to the democratic party? i don't see how they're going to do it. you have mayor bloomberg's super pac on gun control. do you think he and that pac have enough clout to push president obama to come
candidate paul ryan. bobby jindal is making noise lately but it's not hitch. mitch mcconnell is not it. his speaker john boehner is certainly not this charge. that leads to chris christie and rush limbaugh. the take charge governor who's getting from democrats versus the hard right radio show talk show host. how does this gop movie end? joining me now is melina, contributor to "the grio" and margie omaro. the gop has a real rush problem. how do you see this ending? >> i don't mow. in 2009 james carville did a poll and found that rush limbaugh -- many people find that rush limbaugh is the leader of the republican party and that has not changed over the course of four years. rush doesn't need to run for any office. he's beholden to no one except for advertisers and viewers. so republican officials need to stand up to limbaugh first before they can really go out and get more votes in the broader sector of the electorate. >> but margie, is it risky for a republican to stand up to limbaugh when he's popular in the vote unless the chris stooer example of standing up on the president and doing his
and he has been infuriated by the way in which mitch mcconnell has carried out, but if you think about t it is a very odd time to do this. the house is under the control. >> you don't get that much. >> of the republicans, so it is not as if the filibuster is the only thing standing in the way >> of the republicans, so it is not as if the filibuster is the only thing standing in the way of democratic program and as norm said, at the beginning of this new congress president obama has a better shot at working with the senate including 6, 8, 10, republicans in using that to put pressure on the house so is this the right time to blow up the senate? >> norm, real quick, do you think we need 67 or 51, whatever you want to do? what do you think is the number of senators? >> institutionally you could do it with 51. you made the key point. in 1975 when they changed the rule they started to do it this way and stepped back and reached a bipartisan compromise. if you're going to jam something through and there are a million other ways the senators can bollocks up the works, you better do it with some
republican votes. she was a very attractive nominee. and mitch mcconnell the senate republican leader was quite upset by the idea. that was not the record he was trying to make so he went to the national rifle association he asked them to quote score the boat so if there are any washington insiders here you know that scoring is above that interest group whether they nra or the aclu will list on their final rundown on the congressional session. how did members of congress do on issues that really matter to us? so that matters a great deal to the adherents of that particular interest group. the nra had never scored a vote on the supreme court nomination and they have no reason to even take any interest in sonia sotomayor's nomination and of course as a lower court judge she had never been in a position to make any judicial policy on gun rights or you know, gun issues. but they agreed to go along and they scored the vote and on that is what accounted for the fact that she only got a handful of republican votes. so you know i can no longer give my. >> a about once the president stays in t
. the inappropriate e-mails. >> you're saying that barack obama meeting with john boehner and mitch mcconnell doesn't quite get readers as excited? >> not as titillating. >> this is what the election was fought over and yet i have the impression that a lot of the country is yawning but really many of the journalists covering the story are oning. >> there's a story about low how the mighty are falling. privacy, security, while covering the sex. >> are you suggesting that the bigger issues are actually a bit of a shall we say figure lea le? there are bigger issues there but the problem is the fiscal cliff is extremely important. it's interesting to me that it's ben bernanke who dubbed it. i would have thought a reporter would have dubbed it. >> as a consumer of newses, when you see stories about the fiscal cliff do you go clicking off to someone else? >> no. i don't. i try. i try my darnest. i pick up the stories and think i'm going to understand it for once. it's a big, big story if you're covering economic on a national stage. i think it is getting covered a lot yochl ku. blame the media if readers
pelosi and mitch mcconnell. so, the process that he began is continuing, we continue to be optimistic that a balanced approach is achievable. we know what the solutions are. it was the senator who said in an op-ed that one benefit of all of the debates we have had, negotiations and discussions over the past couple of years, we know the parameters of a balanced solution to these challenges. we know what that looks like. it includes both spending cuts, revenues, and entitlement reforms. that all has to be a part of it. >> and do you have any more of a reaction to what senator corker said regarding his proposals, including a cap on deductions at $50,000? >> i do not have reactions to specific proposals. i will leave that to the negotiations that continue to take place, except to make the point that i just made, this is why the rating element is so important, because making proposals about limiting deductions and closing loopholes are important, but it is not necessarily realistic to assume that they can achieve the revenue targets necessary for a balanced approach on the solutions to the
herself, but would have to re-establish residence in kentucky before she could challenge mitch mcconnell in 2014. ♪ i have a cold, and i took nyquil, but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! prego?! but i've bought ragu for years. [ thinking ] wonder what other questionable choices i've made? i choose date number 2! whooo! [ sigh of relief ] [ male announcer ] choose taste. choose prego. >>> we asked, you answered. read my lips. should the gop dump grover n norquist's tax pledge? lindsay writing when many took this pledge they were in i different time and place. they shouldn't be bound by a pledge that was right for a certain time period. in order to fix our economic problems, all options need to be on the table. >>> susie kaplan writes individual signatures so individual decisions. congress' allegiance is to all people, not one. and this is from mazy, if they are jus
intervention? >>> and mitch mcconnell is his goal to make president obama a one-term president fail. so he's ready to change, right? think again. stay with us. [ male announcer ] alka-seltzer plus presents the cold truth. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-seltzer plus cold and cough fights your worst cold symptoms, plus has a fast acting antihistamine to relieve your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] can't find theraflu? try alka-seltzer plus for fast, liquid, cold, and flu relief. >>> had enough of donald trump questioning the president's citizenship? here's a news flash. so did his kids. the kids take down the donald. that's next. [ male announcer ] introducing zzzquil sleep-aid. it's not for colds, it's not for pain, it's just for sleep. because sleep
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